“Limited liability partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability%20partnership. Accessed 19 Feb. 2025. Copy Citation Share Post the Definition of limited liability partnership to Facebook Facebook Share the Definition...
Twitter Google Share on Facebook limited liability partnership (redirected fromLimited liability partnerships) Legal n.Abbr.LLP A business partnership in which the liability of all of the partners is limited to the capital they have invested. ...
havelimited liability. See: generalpartnership,limited partnership, and masterlimited partnership. Unlimited liability Fullliabilityfor the debt and other obligations of a legal entity. The general partners of a partnershiphave unlimited liability. limited liability company an organizational form that is a ...
Definition: LLP is an acronym for Limited Liability Partnership, which is an emerging form of business organization. It incorporates the features of aPartnershipandBody Corporate, as in low compliance cost while allowing the flexibility of a general partnership in terms of internal structure. In fine...
The meaning of LIMITED LIABILITY is liability (as of a stockholder or shipowner) limited by statute or treaty.
limited partnership a partnership under which it is possible for a person to become a partner upon terms that his liability to the creditors of the firm should be strictly limited (rather like that of a shareholder in a company). Such a person is in the position of a sleeping partner with...
A definition of the term "limited liability partnership" is presented. It refers to a new form of corporate entity in Great Britain. It is a created entity that is distinct from its partners, who are known as members. The price of limiting the liability of partners is the requirement to ...
A limited liability partnership (LLP) is a flexible legal and tax entity that allows partners to benefit from economies of scale while also reducing their liability.
Limited liability is a type of liability that does not exceed the amount invested in a partnership or limited liability company.
Limited Liability Partnership n. (LLP) 有限责任合伙;1. A limited liability partnership is a relatively new form of business organization.有限责任合伙是一种相对较新的企业组织形式.2. A partnership may have unlimited liability as well as limited liability.合营可以是无限责任也可以是有限责任...